Streaming Ultra

Streaming Ultra

Closed: Oct. 2022

About this raise: Streaming Ultra, with a valuation of $6.25 million, is raising funds on Wefunder. The company has developed a revenue-sharing video streaming platform for creators to share their content. The video streaming platform can be used for multiple niche markets and has launched Athletes.tv and CryptoInfluencers.com already. Athletes.tv has over 100 athlete channels on the platform and is specific for sports-related content. Steve Gerritsen and Chris Miller founded Streaming Ultra in April 2019. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $237,500. The campaign proceeds will be used for marketing, hiring, and monthly operations.

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Investment Overview

Invested this round: $54,350

Deal Terms

Total Commitments ($USD)

Platform
Wefunder
Start Date
08/29/2022
Close Date
10/12/2022
Min. Goal
$50,000
Max. Goal
$237,500
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$6,250,000

Discount

0%

Company & Team

Company

Year Founded
2019
Industry
Media, Entertainment & Publishing
Tech Sector
MediaTech
Distribution Model
B2B/B2C
Margin
High
Capital Intensity
Low
Location
Salt Lake City, Utah
Business Type
Growth
Company Website
Visit Website

Team

Employees
2
Prior Founder Exits?
Yes
Founder Name
Stephen Gerritsen
Title
Chief Executive Officer
Founder Name
Chris Miller
Title
CTO

Financials

 Revenue
$6,725
 Monthly Burn
$3,399
 Runway
0 months

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$6,725

$536

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-40,792

$-57,056

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$9

$33

Accounts Receivable

$0

$0

Total Assets

$9

$33

Short-Term Debt

$1,500

$50,000

Long-Term Debt

$0

$0

Total Liabilities

$1,500

$50,000

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$40,000
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
10/12/2022 Wefunder $6,250,000 $54,350 SAFE Funded RegCF
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Add to portfolio
Streaming Ultra on Wefunder 2022
Platform: Wefunder
Security Type: SAFE
Valuation: $6,250,000

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Follow Streaming Ultra on Wefunder 2022

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